Hong Kong’s social work, construction sectors hit as jobless rate rises to 3.9%

Hong Kong’s jobless rate rose to 3.9 per cent between July and September, with higher unemployment in social work and construction, authorities said on Monday.

Preliminary data released by the Census and Statistics Department showed the unemployment rate rose by 0.2 percentage points over the preceding three-month period.

This marks the highest rate since the three-month period between July and September 2022, when it was 4 per cent.

Unemployment in the food and beverage sector remained unchanged, while improvements were seen in the financing and health sectors, the department said.

The underemployment rate also remained unchanged at 1.6 per cent.

Financial Secretary Paul Chan Mo-po said some industries were undergoing transformation, inevitably putting pressure on the job market.

Source link

Visited 2 times, 2 visit(s) today

Related Article

HK Morning Report | Hong Kong Ranks First Globally in IPO Financing in the First Three Quarters; Popular Chinese Stocks Rise Collectively

HK Morning Report | Hong Kong Ranks First Globally in IPO Financing in the First Three Quarters; Popular Chinese Stocks Rise Collectively

①Hong Kong equity financing market in the first three quarters: 66 new listings raised USD 23.9 billion. ②Goldman Sachs optimistic about Chinese enterprises going global: Tariffs unlikely to impede ‘going out’ momentum, leading companies in various sectors have bright prospects. ③Apple share price hits record high, report cites strong demand for iPhone 17. ④White House

Wrestlers practise at an HKWF Academy of Pro Wrestling training session. Photo: Jonathan Wong

How Hong Kong’s pro wrestling scene is back with a slam ahead of historic night

When one thinks of professional wrestling, images come to mind of big-muscled characters such as Hulk Hogan, John Cena and The Rock body slamming each other, jumping off the top rope of the ring, and hitting opponents with a steel chair. In Hong Kong, pro wrestling is far smaller and more underground. But that does

Hong Kong residential property market’s improvement whets investor appetite, analysts say

Hong Kong residential property market’s improvement whets investor appetite, analysts say

Hong Kong’s residential property market is gradually mending investor sentiment, according to analysts, who are nonetheless cautious about a full recovery amid geopolitical tensions and economic uncertainties. Investors accounted for 20 per cent of the market’s total transactions so far in 2025, according to UBS property analyst Mark Leung, who added that some districts with

Opinion | Hong Kong should blame policymakers, not seniors, for ageing pressures

Opinion | Hong Kong should blame policymakers, not seniors, for ageing pressures

The topic of ageing has been catapulted into Hong Kong’s political stratosphere ever since a wave of septuagenarian legislative councillors began dropping out of the city’s Legislative Council race. Having public discourse veer off in this direction is unbecoming of a city that styles itself as a meritocracy. Are our seniors a burden? Are they

Fengshen: Hong Kong T3 signal in force until 6pm on Tuesday as some classes suspended

Fengshen: Hong Kong T3 signal in force until 6pm on Tuesday as some classes suspended

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Classes at kindergartens and some special schools in Hong Kong will be suspended on Tuesday, with the No 3 typhoon signal remaining in force until at least 6pm. The Hong Kong Observatory said on

Veteran Hong Kong lawmakers Michael Tien, Tony Tse to step down from Legco

Veteran Hong Kong lawmakers Michael Tien, Tony Tse to step down from Legco

Hong Kong lawmakers Michael Tien Puk-sun and Tony Tse Wai-chuen have become the latest political veterans to decide against running in the coming Legislative Council election, leaving only two of 12 members aged over 70 still to reveal their plans. The Post has also learned that a traditional valedictory motion set to be moved on